1. Discuss how the present value of a future income payment is calculated. 2. Discuss how the wage-schooling locus is determined in the labor market, and why it is upward sloping and concave. 3. Derive the stopping rule for investments in education. 4. Why does the percentage gain in earnings observed when a worker gets […]
1. Discuss the implications of general and specific training for the worker's profile. 2. Why does human capital theory predict that the correlation between earnings and schooling peaks after about 10 years in the labor market? 3. Why are experimental methods now commonly used to evaluate the impact of training programs? Discuss how and under […]
1. Discuss how differences in discount rates or in ability across workers lead to differences in earnings and schooling. Under what conditions can the rate of return to schooling be estimated? 2. Discuss the relationship between ability bias in the estimation of the rate of return to schooling and selection bias in tests of the […]
1. Discuss controversies surrounding the development of the government’s role in providing, financing, and regulating health insurance and health services. “Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!”
1.Difference between perceived costs and perceived benefits is classified as A.buyer’s incentive B.seller’s incentive C.corporate incentive D.competitor?s incentive 2. Relationship which requires less cooperations and exchange of information is classified as A. contractual selling B.contractual buying C.cooperative systems D.bare bones 3. Buyer-supplier relationship defines by formal contract having low trust and interaction is classified as […]
1. Explain why ‘overpaid’ government employees will lead to an overstatement of GDP, whereas ‘overpaid’ private sector employees will not (see Appendix 1.A). 2. Consider an economy that produces bananas and bread. You have the following measurements: (a) Compute the GDP in each year using current prices. Compute the growth rate in nominal GDP. (b) […]
REVIEW QUESTIONS 1. Explain why externalities prevent the attainment of efficiency when goods are traded in competitive markets. 2. Do you agree with the following statement? “Effi-ciency cannot be achieved when externalities exist.” Explain your view. 3. Why do prices fail to represent the opportunity costs of resources when externalities exist? 4. How can a […]
1. Explain why marginal revenue must be less than the price when a firm faces a downward-sloping demand curve. 2. A monopolist is maximizing profit. Perhaps due to an innovation in some other product line, he finds that the elasticity of demand for his product is lower. What will this change in the elasticity of […]
1.Explain why depreciation and amortization appear as an addition when net income is converted to cash flow from operations. 2.For 2016, Walmart shows an adjustment for inventories of negative $703 million. However, on the balance sheet, inventories declined from $45,141 million to 44,469 million, a difference of $672 million. Explain the $703 million adjustment and […]
1. Explain why depreciation and amortization appear as an addition when net income is converted to cash flow from operations. 2.For 2016, Walmart shows an adjustment for inventories of negative $703 million. However, on the balance sheet, inventories declined from $45,141 million to 44,469 million, a difference of $672 million. Explain the $703 million adjustment […]
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